Stock Broking Services – Equities

Practical Financial Services Pvt. Ltd. (PFSPL) is a Corporate Member of the Capital Market Segment of The National Stock Exchange of India Ltd. (NSEIL) and has been one of the first members to commence trading on the Exchange. NSEIL offers a screen based automated trading system with full transparency in transactions and timely settlements.

SEBI Registration No.INZ000278634

Corporate Member – Capital Market Segment of Bombay Stock Exchange (BSE)

SEBI Registration No.INZ000278634 | Research Support
Clients are given advice on primary and secondary market equity / debit options. There is also substantial online, real-time information available on each strip traded on the National Stock Exchange and BSE Ltd. which allows more informed decisions to be made by a Dealer. This current market information is conveyed.

Mutual Funds

Practical is an AMFI* registered Mutual Fund Distributor and adheres to the AMFI guidelines and norms for intermediaries. Its sales staff are qualified to sell all mutual fund products and have completed the AMFI – Mutual Fund (Advisors) Module of certification in financial markets.

*Association of Mutual Funds of India (AMFI) AMFI Registration No: 2028

Initial Public Offerings (IPO)

Being a member of the NSE Practical is able to participate in all major domestic IPO’s issued through the book building process by tying up with the Book Running Lead Managers and members of The Syndicate.

Practical assists with application forms and participation in the book building process,information on the build up of the book and revision of bids if so desired. Discretionary allotment to Institutional investors can be facilitated.

Merchant Banking

Practical was a Category IV Merchant Banker during the period 16.10.93 to 15.10.96. Merchant Banking Advisory Services were provided to companies proposing to list on a Stock Exchange including capital structuring, issue cost estimation, adherence to SEBI regulations, vetting of prospectus, advice on selection of advertising agency, bankers to the issue, registrars to the issue, etc.